Evening Star Newspaper, February 16, 1921, Page 22

= B ™ FINA YORK STOCK EXCHANGE. Received by Private Wire Direct to The Star Office. National Savings and Trust 17% | Tnion st .. 11% | Wusbington Loan us SBAVI GS BANK. 106 | Commerce and Bavings. 140 @ | East Washington y Seventh Street Savings. 8% | Union Saviugs . 76% | United States .2000"" 1ier | Washington Mechanics’ 2 FIRE INSURANCE. 1% | Ariington . 314 | Corcor 11 | Fireme German-American National Union .. 18% 2511y $600,000,000 Open. High. Low. 2:55. Opes. High. Low. 2:53. 18% 19 |Reading2dpf..... 7% 48% 47% . g2 & 62 62 |RemingtonTypr.. 34% 36% ™% 30 30 |ReplIron&Steel.. &7 6% 61 8 3 | Rep Motor Truck 2 2 2 ' 1% 1% |Royal Dutch. 61% 6% 61% 61% % 46 |StL& San Fra 21 A% 21 A% %% 9%%|StL&SanFrpf... 30 30% 20 86% 36% | St Louis Southwn. 25% 25% 25% % B8% |SantaCeciliaSug. 65 &% 6 76 76 |Saxon Motors... % & @ 49 [Seaboard AL pt. 10 10 48% 49% | Sears Roebuck. . 8% 8% 62% 624 | Sears Roebuck pf. 101% 101% 304 30% | Seneca Copper. 1% 17% 6% 86%|Shell Trad & Tran. a1% a% 41% 4% 128% 124% |SinclairOil....... 24 2 1% B% . n 2 g“ gor;;rtoklcnsu“ 81 87 no* :% 5 % &% 45%|Southern Pacific.. 7% 7% 78 jraciide & Lea pt. 45% &% % a%|Southern Pacrats. 1% 1% 15 1% 8% 8% 8% |Southern Railway. 22 2% 2 2% ; % Sk ok |Stand o N Jpf oo 1004 5% 86! nd Ol N J p! 108" n m’;‘w} =% ’:% 8 8 |Stewart-Warner 8 8 & Ship & Com... 10% 10% 10 10 |Stromberg Carb. s % n < W 43% < 6% | Studebaker. . 5% €% . 0% Submarine Boat. 8% 8% %% Superior Ofl. . 9% 9% 81% Superior Steel. e e o 4 ;ennCuDDet... 8% ‘:;x m 122 1% 122 ‘exas Company. 3% ?..R:Eifim.. :L’ZZ 18% 117% 118% | Texas & Pacific. 2% 2 fTobacco pf (n) 91% 91% 91% 1% |Texas&PC&OMl. zi% 29% 2% 2% &% ¢3% 67% 67% | Third Avenue. 18% 18% 18%° 9% 9% 9% 9% |TimesSqAutoSup n% U% % 1% 20% 2% 29 29 |Tobacco Prod.. 55 5% 65 5% g% 9% 9% 39% |Trans Contl Ol 91 San el Hol c %% 2% % 2% |Transue& Wilms. % % % 39% 21 25% 5% 26% |UnionOll.. 2% 22 2% 2% 82% 8% Union Pacific. 120% 121% [tlanta Bir & Ati.. 6 6 6 6 |UnitedDruglst. a4 ptic Cst Line.. g3% 3% 83% 8% | United Fruit. o tidfitic Gulf. . 65% 66% 65% 66% l{l\lleflkvlnv. 10% tlantic Gulf pf... 4% 4% 42% 62 |UnitedRyInvp o B 106% 106% 106% | United Retail Strs. 56% 88 66% 57 L USCastIrPipe... 12% 12% 12% 12% U S Express. . % 6% 6% U S Food Prod. 5 B% % U S Indus Alcohol. 63% 70% 69 0% U § Rubber.... 0% 0% USSmelt & Ref. % % U S Smelt Ref pf. o 8% U S Steel.... 8% B84% U 8 Steel pf. m Utah Copper. s% 56% Vanadium Corp... 31% 8T% 86% 87 Vivadou. 6% 7 % 7 Wabash.... 8 8 1131 1:% - Webber & Heilbron. 10 104 T R fretts. ‘w4 3% 4 9%|Wells-FargoExp. & & 6 & klsn Union Gas.. 513 61% b61% 6% |WesternMd...... 10 10% 9% 10 44 86 86% | WesternMd 2d.... 17% 18 17% 18 s 5% 5% 5% |Western Pacific... 26 2 2% 2 1% 15% 13%|Western Union.... 87 &1% 8 8% 16 15% 16 |WesthouseE&M. 45% 46 &6% 45% 63 6 68 |Wheeling&LE... 9% 9% 9% 9% B Bt @ 40 |Wheeling &LEpf 18% 16% 15% 16% @ian Pacific.. 17% 18 17 18 |White Motor...... 39% 9% 9% fi:z 39% s9% 39% 9% | WhiteOil.... B 1B W 6% 8% 86% | Wickwire Spe; n 1% u 2% 29 9 |Wiliys-Overland.. 8 8 % % 4% 7% 7% | Worthington Pmp. 5% 50% 60% 60% ss;: 5:: 5::: \_ High. Low. Last. 8% 84 B! Call Money..... 7 6 6 s oy Call Money 2% 2% B%| HOURLY SALES OF STOCKS. a% 42 8% 163500 12m....... 267 700 8% 6% €% .823700 2p.m..... 417700 N n% A :‘i — MIRTI&P6%pL.. 62 6 6 Phile Copper....... 1% g‘i :* 2" DIVIDENDS DECLARED. i er. - Feas e e I 2% 2% 2%|Ccent. R. R, of N. J. 23 8% 28 8% 1";:-:;:»:;1 S:I, q. . o 3 - e o li»-nmu:gal )m![c.l y 1 Ray .. .. . 8., $2.06. . 21 . 2" :',':: o8| S oot $5...Feb. 28 Mar. 15 % [P . 1z &% 6 3 1 . « o o |Washington Stock Exchange % N % 0 0 0 %% 9% %6 From -Am Sugar.. 31% 32 3% 3 | (..nington Gas 7%s—$1.000 at 100%, $500 by Cane Sugar.. 2% 2% 25% at $100%. dson Chem... 25% 25% 26% 25%| Capital Traction 5s—$500 at 87%. - ndson. ... 101 101 M1 104 | Polomae Electric cons. 5i—$1.000 at 82, pes .1;”& g-u..u:“ fl:“ ”:v. fl: ui:.pxm Traction—25 at 83, 25 at 85, 10 at Den ergenthaler Linotype—10 at 121, 2 at o =l R e 15T Ter A TPt 10 e . To ppon-Brant pf 36% 5% 35% 6% AFTER CALL. judjeptt-Johnson. 62 62 61% 6l ool eshington Baiiway general 65—$1,000 at "ot X & il:: ;:; ::: D. C. 3.655—$100 at 90. d.pf. . 18% 13% L% 1% Bid and Asked Prices * Pl . 6% 6% 64% 64% pudious players pf 82% 82% lf,i: :: BONDS B 3% 8% & - o % 36 U PUBLIC CTILITIBS, 37 17 | American Tel. and Telga. 4s.... 19 2% 2% { American Tel. and Telga. 4%s. 82 €% 9% | Am. Tel. and Tel ctl. ir. Bs.. 81 82 American Tel. and Tel. cons, 6s. 95% 96 m l:: Auacostia and Potomac G ® = nacoat! omac. guar. : Y ‘and P. Telephone 5 8 : o k| S R B ) 71 7| Metropolitan K. R. b o 66% 664 | Potomac Electric Light 8 £ 71 17 [Potomac Eleetric cons. 5s 8 FPotomac Electric Power 9 %0 Potomac Elec. Power G. M. 85.. 92% 94 39% Wash,. Alex. and Mt. V. 3s.... ;ga 2 By Consol Lt w Eg:::fi fl'.‘ 1'5«.; i 0 Vi ton Rwy. af Elec. b . Wanh iy, nd hec. 07506 50 £ 2 B bu e MISCELLANEOUS. s% 5 64 |D: C. Paper Mg Ga.. *® e 1% 10k | Disse Bealty 5 (sbori) fntl Agri Chem pf. 50% 0% 60% 60% STOCKS t1 Harvester. 99 100% W 100% PUBLIC_UTILIT! iti Mer Marine... 1 6% 15 16% | American Tel. and Telga = ) Marine pf 63% 4% 63% 54% | Capital Traction 8 =6lor Truck.. 34__ 4% Washington Gas ckel. . 1% 16% e &% 2h % 3 7 2) 4 u% 0% . dly-Spring Tire. 46 46% Becott........ 19% 19% 2 one Tire. % lew wanna Steel. 55% 5% geErie & W.... % 125% 1% 12%| Washington . 200 Tire & Rubber 21% 21% 21 21 TRUST COMPANY. Igh Valley..... 62 62 62 62 American Security and Trus ggett & Myers pf 104% 104% 104% 104% | Coutinental Trust ... [NatiConduit...... 3% 3% 3% 3 MISCELLAX Enameling... 6% 6% 61l 64| Grapliophone com. ... 10 T T Graghopone pid.. . 30 74 L7 ‘aper Mfg. Co. ™ we wn e | b & baver M 2% T5% 72% 4% | Merchants' Trausfer and Storage 100 8% 8% 83 84 | Mergenthaler Linotype 120% . % 72 11m 172 | 0d Dutch Market com. b4 lmSom o om g |0 Du Maker o K | anston. Mo . W% WK DU 0% Necority Storage - 200 - Lington Market 17 orthern Pacific. . Scotia Steel. oma Prod... atario Silver..... jheum Circuit. .. CHILE LOAN SLOW; Elevator. | [Pac G [Paci Am Pete..... 0% 1% 6% 71 n-Am Pete (B). 70% 70% 69% 9% | [Pennsylvania..... 40% 0% % 0% o 5 D eand Steel,. 12 1oy w2 %1 NEW YORK, February 16—The of- [People’s Gas...... 38 @4 8 agy|fering of the $24,000,000 republic of [Pere Marquette... 17 17% 17 17% [ Chile loan was the most interesting ;:le:\(;:-.m pf.. X% w3 3 fcpisode in the bond market of the a Company. ... & B4 % | day. A s e s Compan: b St :mx (:‘s!a(‘)mluhhf\mer‘kun bond, th: bty 1% 11 lew 11 |frst that Chile has ever put out in Pierce Oil pf 5% 5% 6% 76 | this country. it was hardly expected jtts Coal. 59 60% 68% 60% | that it would go as readily as domes- tts & W Va. 29% 29% 29% 29% | iic issues have been doing recently. [Bond Creek Coal.. 13% 13% 131 18%| No doubt was felt about the success | edBteelCar. ™ 9 9 % |of the operation, but the bonds were B ed Stl Carpf. 9% 9% 9% 9% l<imply reported as going slow by ¥ comparison with present standards. ¥ 49% | There was no preliminary market for 84 |the Chiles established on the curb. 2% | The bonds offered at 99 and bearing 3 87 interest at 8 per cent represent the 2 14 |same return as is offered by the Bel- E 7134 | gian 8s and the Frach 8s where they I ¥e are now selling. Liverty bonds were off a fraction. - 4 [ - ., WASHINGTON, D.. C, WEDNESDAY, FEBRUARY 16, 1921 NCIAL. THE EVENING ST. L FINANCIAL. LOCAL INVESTORS %‘2 Improved Demand for Local Bonds in Evidence. Certificate Sale. BY L A. FLEMING. Local investments are once more appealing to local investors. For many days bonds of public utilities, etc., were sadly neglected, but the rapid advance of bonds in other mar- kets has lessened the opportunities there and has attracted attention to Washington Gas s, Capital Traction 5s. the bonds of the Potomac Elec- tric Company and the better- interest- paying securities of the Washington Railway Company. Four issues of bonds and one of notes figured on today's sales record on the local exchange. Gas notes were strong at 100%. Capital Traction 5s were firm at 871y, Potomac Consoli- dated 5s a little firmer at 82 to 8234, General Railway 6s brought 90 and the 3.65s of the Di sold at 90. strict of Columbia Bid price on 79, asked. apital Traction shares steady at 85. Washingto % §oy Wochington Gas 39% asked and Mergenthaler brought 12114. Ts‘m-:n Commerce Commission. he contention of the attorney gen- eral of Illinois that the Interstate Commerce Commission could not le- gally make rates on intrastate busi- ness was defeated in the courts, three reg:;nl J;xdfles 80 decided. eral Motors 75,- 000,000 bona jesae > 102 @ ¥75 The earninge of the Baldwin Loco- motive Company for the year 1920 have just been made public. $4,428,518 after taxes, etc, as net profits, or $15.14 a share on the $20,000,000 com- mon stock, after deducting the pre- ferred dividend of $1,400,000. It also charged off as a reserve $2,878,571, making the earnings after taxes real- 1y $30 a share on common stock. Directors of the Mergenthaler com- pany at their regular meeting yester- day declared the regular 2% per cent dividend, payable March 31 to share- holders of record March 5, Certificate Safe. Indications are that the Treasu sale of certificates yesterday was 105 per cent oversubscribed, which may be taken as another and positive in- dication of the large amount of money seeking investment—with safety. The long-continued nervousness and slow action in the security market has pre- vented the investment of millions in stocks and bonds, and this, with the severe losses sustained in 1920 in the 1nv§stn:§m market generally, has made the certifi ooy cates prime invest- On first thought it might be n 85 an evidence that the next issae of certificates would be at a lower rate. That there will’be a big issue with March 15 is practically assured. as practical- payments have to be made at that time, the interest on the third liberty loan and over $500,000,- 000 Treasury certificates. The maturing certificates are large- ly tax certificates. The first install- ment of taxes will be due on that date, and as many taxpayers make payment in full it will not be neces- sary to reissue but part of the matur- ing certificates. Bankers do not look for any testing of the market with certificates at a lower rate of inter- The establishment of the 6 per cent rediscount rate when secured by cer. tificates has practically kept banks out of the market for their own fn- vestment. 4 Railway 4s 78%. with —_—— MANY FIRH SPOTS INTHE STOCK LIT % |Exchange Higher—Money Off to 6 Per Cent—Some Few Weaklings. BY STUART P. WEST. NEW YORK, February 16 (Special). —During the greater part of today’s session on the stock exchange the main tendency was toward higher prices, but there were some notable exceptions, such as Baldwin Loco- motive and Pressed Steel Car, both of which broke on the decreases shown in their annual earnings re. ports, and in Allied Chemicai and Dye, ‘which was very weak on the announcement of the proposed heavy addition to outstanding capital, But as against these few weak spots there was special strength In ship. ping fssues, in the tobaccos and in the harvester and fertilizer stocks, The selection as particular objects on the buying side of the shares of companies vitally interested in the agricultural industry was an incident of much significance. Undoubtedly it was an expression of confidence re- sulting from the recent recovery in grain and the better tone of the cot. ton market that the situation on the farms has definit, ey nitely turned the E;;:ln‘e Firm—Money, 6 Per Cent. - feature of import e the stock market was a fusther pac vance in both sterling and con- tinental exchange. London drafts made a new high, while francs drew up close to their previous top of the year, and German marks the same. Call’ funds were so plentifu - plied that the rate in the a: dropped to 6 per cent. time money were still with no disposition to tions. Ly sup- fternoon Offerings of pretty light, shade quota’ Action in Rails. Although railway shares are b: means popular in speculation cireles because people who have bought them at intervals duriug the last year have usually lost money, brokerage ad- vices are becoming more bullish on the group. One letter sent out today spoke of Washington people, who for. low current events carefully, regard- ing the rails as a purchase, Another letter advised buying the rails every time they sold off during coming weeks in response to earnings deficits and labor threats. It is an- ticipated that most roads will show a deficit for January and that there will be little improvement over this show- ing in the returns for February and March. But this will be the time to buy, in the opinion of those who go on the principle that stocks are the :7::( purchase when nobody wants m. Analysis worked out overnigh garding the Reading propertle‘u :elr: higher value on them than the spec- ulative market was inclined to do yesterday. The idea was that the main_play by important interests would be in the Reading rights. At the same time, however, the opinion v as expressed that insiders who had sold their Reading common at higher prices, knowing what the segrega- tion plan was to be, would be taking back their stock from now on. REFINED SUGAR FIRMER. NEW YORK, February 16.—Raw sugar was quiet early today and prices were unchanged at 4% for Cubas, cost and freight, equal to 5.77 for centrifugal. There were sales of 15,000 bags of Cubas to operators. Refined sugar was firmer and prices unchanged to 25 points higher, with fine granulated quoted at 7.50a7.75. The demand continues good. Sugar futures opened 1 to 8 points higher on trade buying and cover- ing, but eased off under regewed liquidation, and at midday prices were 5 to 8 points net lower. 2| ARE PLACING FUNDS; TODAY’S BOND PRICES. Noon_prices reported to The Star over direct New-York-Washington wire by Redmond & Co. City of Parls 6s 192i....... [ Dominion of Canada 58 of 1921, 201 French Government 981y Government of Switserian 1023 Kingdom of Belgium 714s 961, United Kingdom 5%s, 1921 "y United Kingdom 5igs, 1922 E TUnited King Sias, 1929. o o8y United Kin S5ips, 1987. 3 American Tel. and conv. %y Avmour and Co. 414 % Atchison, Topeka and 8 Atlantic Coast Line 7: 102% Baltimore and Ohio con @i Baltimore and Ohio Gs. o 90% Baltimore and Ohio 8. W. Div. 8%s..... 6% Bethlehem Steel refd. Gs. b 1 Central of Georgia Ry. 6s. 1 Central Leather B%... 2 Chesapeake and Obio conv. 4% 5% Chesapeake and Ohio gen. 4155, k3 Chesapeake and Ohio conv. 5s. 81% Burlington and Quincy jt. 4s. 973 Mil. and 8t. Paul refd. 43s. 0% Chi., Mil, and St. Paul conv. 414s. 6014 Chicago Northwestern Ts, 1930 1028 Chic, ‘Wock Tsland and Paciflc retd. 67% Chicago Union Station 6% 1083 Consolidated Gas 7s.. 9815 Delaware and Hudson 104 Erie general lien 4s.. Doy General Electric s 100% Tilinois Central 5% 2035 s International Mercantile Marine 6. Pennsylvania 5 Pennsylvania 7s of Pennsylvania genera Reading gen. 8t. Louis and San Fran, 4, Reries A. 8t. Louis and 8an Francisco 6s, 1929, Grain, Produce GRAIN AND PROVISIONS. BALTIMORE, February 16 (Spe- cial).—Potatoes, white, No. 1, per 100 pounds, 1.25al1.35; cobblers, 1.25al1.35; McCormicks, 1.00a1.10; No. 2, 50; sweets, per bbl., 3.00a4.50; yams, 3.50a 4.00; No. 2 and culls, 2.00a2.50. Beans, green, pearl and wax, per hamper, 3.0026.00. Beets, per crate, 2.00a2.25. Cabbage, per ton, 10.00a15.00. Cauli- flower, per crate, 2.50a2.75. Celery, per crate, 2.50a7.00. Cucumbers, per 00a8.00. Eggplant, per crate, 5.00a7.00. Kale, per bbl, 1.25al50. Lettuce, per basket, 1.5023.25. Onions, per 100 pounds, 7521.00. Oyster plants, bunch, 6a9. Parsnips, bushel, 1.00. Peas, basket, 3.50a4.50. Peppers, crate, 5.00a7.00. Radlshes, bunch, 4a5. Spinach, bushel, 50a60. Tomatoes, crate, 2.00a7.00. Turnips, bushel, 1.00a 1.10. ‘Apples, No. 1, per bbl, 3.0026.00; No. 2, 7 00a3.50; box apples, 1.50a3.00; loose, per 100 pounds, 1.50al.75. Grape fruit, box, 2.50a4.00. anges, box, Decl"rsuglpv 5.0028.00. Strawberries, per at., 40a50. Potatoes—Unse! sacked and bulk, 9 ¢ Minnesota Red River Ohios, 1.40 hundredweight. SELLING PRICES AT NOON. ‘heat—No. 2 red winter, spot, 199 R ea winter, garlicky, spot, 1.87; February, 187; March, 1.87%. Wheat sales—Carlots of No. 3 yellow domestic at elevator, 84 per bushel. Corn—Cob, new, yellow, 4.00a4.10 per barrel, in carlots; contract corn, Spot, 83% per bushel; February corn, 83%; March corn, 83%; track corn, vellow, No. 2 or better. 8 per bushel n sales—None. Sats_Ro. 2 white, 48% per bushel; No. 3, 47a47% per bushel. Tye—Bag lots of nearby rye, as to quality, 1.50a1.60 per bushel; No. 2| western export, spot, 171% per shel. P A3 No. 1 timothy, nominal; stand- ard timothy, 25.00a25.50; No. 2 tim- othy, 24.00a24.50; No. 3 timothy, 17.00| 22.00; No. 1 light clover mixed, 23.00 223.50; No. 2 light clover mixed, 19.00 222,00} No 1 clover mixed, 21.00a28.00; No. 2 clover mixed, 16.50220.00; No. 3, 13,00216.00; No. 1 clover, 23.50a24.50; 2 clover, 16.50220.00; No. 3, 13.00a ; sample hay, 10.00a15.00. 1, nominal; No. 1930, 1 mortgage 413s. ttled; nothern white, 0295 hundredweight; sacked, 16.4 St —No. ur.xr;r?; rye, nominal; No. 1 tangled rye, 17.00; No. 2 tangled rye, 16.00; 2 Vo. 1 wheat, 13.00a13.50; No. 2 wheat, ?z?ooalv;.so.; No. 1 oat (nominal), 18.00 218.50; No. 2 oat, 16.00a17.00. ICAGO, *February 16.—Profit- taxing by holders, together with lack of support, led to sharp downturns today in the price of wheat. More- over, bears made much of advices purporting to show that as yet actual damage from the green bug pDest was small. The market rallied sud- denly on account of a dispatch from s, Tex., saying the country was alive with green bug, but purchasing power soon gave out again. Opening prices, which ranged from half to 3% cents lower, with March 1.72 to 1.73 and May 1.62% to 1.64%, were {ol- lowed by a quick rally and then by a renewal of weakness. Corn sympathized with the wheat declines, but displayed considerable resisting capacity. After opening un- changed to 1% lower, including May at 71% to 72%. the market fluctu- ated mostly within the initial limits. Oats paralleled the action of corn, starting % to off, May 46% to 467%, and holding to about that range. Provisions were easy in line with hops and grain. REW YORK, Febfuary 16.—Lard— Firm; middle west, 12.40a12.50. Other articles unchanged. DAIRY MARKET. BALTIMORE, February 16 (Special). —Poultry—Chickens, young, live, pound, 32a38; dressed, 36a38; old, 32a33; dressed, 34a35; winter chickens, 40242 old roosters, 22; dressed, 23a24. Ducks, 32a40; dressed, 38a42. Geese, 25a33; dr:ml'l, msoaas, Pigeons, 45a50. Guinea fowl, 40a75. Turkeys, 40a54; dressed, 40a36. Capons, 40a50. Eggs—Strictly fresh nearby firsts, loss off, per dozen, 36a38; southern, 34a36. Duck eggs, 50. Butter — Creamery, fancy, per pound, 46a47; prints, 47a48; nearky creamery, 43a44; ladies, 28a30; rolls, 20a24; store-packed, 20; dairy prints, 20a24; process butter, 33a35. CHICAGO, - February 16. higher; creamery extras, 45%; stan ards, 45. Eggs, higher; receipts, 12,- 317 cases: firsts, 31%a32; ordinary firsts, 28a29: at mark, cases included, 30a31. Poultry, alive, lower; fowls, 31; springs, 31. NEW YORK, February 16.—Butter— Firm; receipts, 11,290 tubs. Creamery, higher than extras, 47%ad8; creamery, extras (92 score), 46%a47; creamery, firsts (88 to 91 score), 41a46; packing stocks, current make, No. 2, 21. . Eggs—Steady; receipts, 34,115 cases. Fresh gathered, extra firsts, 36%ad7; fresh gathered, firsts, 35a36; state, Pennsylvania and nearby western hennery whites, first to extras, 47a50; do., browns, extras, 40; do., gathered brown amd mixed colors, firsts to extras, 36a39. Cheese—Irregular; receipts, 2,854 boxes. State, whole milk, flats, held, specials, 26a29; do., average run, 24a 25%; state, whole mil¥, flats, fresh, specials, 23%a26; do., average run, 22 a2 Chickens, 32a Poultry, live, firm. 36; old roosters, 21a22. CHICAGO LIVE STOCK MARKET. CHICAGO, February 16 (United States bureau of markets)—Cattle— Receipts, 6,000 head; beef steers, mostly 25 higher; top, 10.35; bulk, 8.00 29.50; butcher cows and heifers, stead: ts, higher on better kinds; bk, 5.00a6.50; bulls, slow, steady: beef and bolognas, mostly 4.75a5.50;: calves, slow, weak; bulk vealers, 9.0 210.00; stockers and teeders, 25 high- er, mostly 6.00a7.75. Hogs—Recelpts, 20,000 head; market tairly active; light and light butchers, 15 to 25 lower; others, 10 to 15 lower than yesterday's average; top, 10.35, out of line; practical top, early, 10.25; very few above 10.15; bulk, 200 pounds dowh, 9.75210.10; bulk, 220 pounds up, 9.059.35; pigs mostly 25 lower; bulk desirable, 90 to 120 pounds, 9.50a10.10. Sheep—Receipts, 17,000 head; killing classes generally steady: bulk, fat lambs, early, 7.75a8.25; top yearlings. .00; shorn wethers, 4.25: bulk, fat ewes, 4.0024.50; no early sales choice handy-weight lambs or ewes. DROP IN SUGAR STOCKS. NEW YORK, February 16.—Reduc- tion in the quarterly common dividend of the South Porto Rico Sugar Com- pany today from 3 per cent to 1% ?er mt caused a drop-inthe stock of points to 80. | American 1 25a3.75. Tangerines, St. Louis and San Fran. inc. 6s. 8% Seaboard Air Line refdg. 4 o Seaboard Alr Line adj. Southern Pacific 1st ref. 4 Union Pacific 1st 4s. Union Pacific cony. 4s. Tnion Pacific 6s, 1928. TUnited States Rubber United States Rubber 7s, 1823. Wilson and Co. 1st —_— SHORT-TERM SECURITIES. (Reported by Redmond & Co) Tel and Tel. 6s 1922, Tel. Tel. 6s 1 Thread Co. Tobacco Co. offer. American American American American American Anaconda (s Anglo-Amer} Armour & Co. Ts Bethlehem Steel 7s 19 Bethlehem Steel s Canadian Pacific 6s 1024 Central Argentfne 6s 192 Chicago, K. I. & Pacific ds 13 Ts 1 inghouse Electric 7s. 1031. and Live Stock T.OCAL WHOLESALE MARKET. Eggs—Strictly fresh, per doz., 34a35. tumive poultry—Roosters, per Ib., 20: urkeys, per Ib., 45a50; chickens, spring, Der Ib., 38a40; hens, per Ib., 35; keats, young, ‘each, 30a50. Dressed poultry—Fresh killed s — ed spring g?_lcl:;g:;eper Ib., 40a43; hens. per Ib., H TS, H y' 5! saes per 1b., 23; turkeys, per Pork—Dressed, small, per Ib., 14; me- dium, 14a15; heavy, 10213 10al1; sheep, 3a4; hogs, 11. Green fruits—Apples, per bbl, 3.00a -00; per basket, 75a2.50; western, per box, 3.5026.00: Califorma lemons, Der box, 3.00a4.00. Pineapples, per crate, 6.0028.00. ~ California_oranges, per crate, 4.00a5.00. Florida oranges, per crate, 3902475 Grapefruit, per crate, 4.00a Vegetables—Potatoes, per bbL, 1.75a2.25; northern, per sack, 2.26a2.50; sweet potatoes, per bbl, No. 0a5.00; No. 2, 1.50a2.00: yams, per 3.50a4.50. Lettuce, Florida, per Celery, per doz., 1.00a ry, 3.00a3.25. Romaine lettuce, 1.25a2.00. “Squash, per bbl., 2.00 a250. = Cymblings, per crate, Florida, 4,00a5.00. " Spinach, per bbl., Peppers, per basket, 3.00a4.50. toes, per box, 4.00a7.00. Onions, per sack, 150a1.60, Brussels sprouts, per quart, 15a25. Cranberries, 18.00 per bbl. nearby, No. 1, 1.50; Florida cele —_— COTTON MARKETS. NEW YORK, February 19.—The cot- ton market was rather irregular at the opening today, first prices being 12 points higher to 17 points lower, with near months relatively firm on the cables, while later deliveries responded to realizing. Brokers with southwestern and spot house connections were sellers at the start, but there was renewed ‘Wall street and local buying inspired by continued reports of an improvement in | Manchester with the advance in foreign exchange. Futures opened steady; March, 13 May, 14.53; July, 14.80; October, 15.1 December, 15.28. NEW YORK, February 16.—Rumors that cotton was offering at a slightly easier basis in some sections of the belt and that some of the smaller southern mills were not receiving suf- ficient orders to keep them running on full time led to further realizing here lager. NEW ORLEANS, February 16.—The opening in cotton was steady today and in the first half hour of business gained 11 to 15 points, March rising to 13.90. A favorable Liverpool market and the continued strength of foreign exchanges were mainly responsible for the ad- vance. Futures opened steady. May, 14.08; July, 14.35: December, 14.7 March, 13.80; October, 14.68; Reports’ from mill centers in the south Atlantic states that several small mills were closing down be- cause of lack of orders had an ad- verse effect on the market. LIVERPOOL, February 16.—Cotton spot in moderate demand, prices firm. Good middling, 9.87; fully middlirg, 9.37; middling, 8. ordinary, 5,000 bales, tures ~ closed quiet; February March, 8.88; May, 9.11; July, 9. tober, 9.40; December, 9.45. CURB STOCKS. Quotations furnished by W. B. Hibbs & Co. ~12:15 p.m.— Asked. Actna Explosives 10 Allied Ol ... 13 American Candy [ Atlantic Petroleus 3% o Ige Hoene OEF 13 Boston and Montana. L3 Boston and Wyoming, i Caledonia ..... 16 Calumet and Jerome Car Light and Power . Cities Service Citles Service Oities Service Colonial Tire 3 Columbian Eme; - 3y, Columbia Syndicate 4% Consolidated Copper 25 Cresson_Gold 1 8 11 18% 8’ e Farrell Coal Federal OIl . Gilliland Ol Glenrock Ofl Goldwyn Pictures Guftey-Gillespie Granada Oil R Hercules Papei Indian_Packing Intercontinental Ri International Petroleum ( Jerome Verde Kay County G Lake Torpedo . Lehigh Coal Lone Star Ga: Seahtn 3 Marland Refinery Mason Valley . Mey oil AMidwest Oil com, Midwest Oil pfd. Midwest Refinin, Nevada Ophir Omar 01l (new) Pennok Ofl .. Perfection Tire . Radio commor Radio pfd. Ray Hercule Ryan Consolidated Salt Creek Producing. Salt Creek (new) Sapulpa _com. . Simms Petrol Skelly 01l Sweets Co. Swift International Tonopah Divide Tonopah Extension United Eastern ... U. 8. Light and Heat com . S. Light tnd Heat pfd. nited Profit Sharing U. 8. Steams| United Retail United Tex: Warren Bros. . Wayland Oil Wayne RERRR T RRGERER Beavaole smamaslacis 13 3 25 15 8! 5 2 [ 1 3 2 9 28 9! 4 7 7 21 7! 1 Y% % T % % % % Y% ¥ % % 16 16 % X Y 16 e o Sl 2 R & Fa FaE L] @iy 8o o (9 Armour Armour pfd. Cudahy Libby ... 3 «E"gls g8t RRR " ; OIL STOCKS. Quotations furnished by W. B. Hibbs & Bid. Anglo-American Oil Co. (new).. 183 Atlantic Refining Co. 230 BorneScrymser_Co. 390 ignal 0Oil Co. pfe 93 Tilinols Eipe Line Con. 16 5 27 Northern Oltio Ol ¢ Pennsylvania-Me: Prairie 01l and G Praitie Pipe Line Solar Refining Co. Southern P'ipe Lin South Penn Southwest. Standard Oil Co. Standard Oil ¢ Standard Oil ¢ Standard 01l Co, AN 0S AI have been gradually improving several weeks, and yesterday English pound was quoted at which is virtually at par with peso. E RATES IMPROVE. RES, February 16.—Ex- change rates on thé pound sterling Co. E. H. Rollins & Sons Founded 18768 Investment Bonds New York Philadelphia Deaver Los Angeles Boston ic: San Fracisco A limited amount of stock will be sold by local corporation— $500 and $1,000, paying one per cent monthly. b ment, real estate. For Basis of invest- 416 Woodward Bldg. 15th & H Streets Washington, D. C. Phone Franklin 3463 Current list of offerings sent on request | | i for the 473, the Conservative Valuations Secured by first deed of trust on high-claxs properties. Responsible makers. GLOVER & FLATHER 737 15th St. N.W. 79% REAL ESTATE NOTES Money to Loan Live stock—Calves, per Ib., 14; lambs, | Secured by First Deed of Trust on Real Estate. Prevailing_interest and_commission. Joseph 1. Welle EQUITABLE ASSOCIATION Organized 1879 41st YEAR COMFLETED Assets ,272,086.87 Surplus $1,065,322.80 Systematic Saving Brings Results —make up your mind to set asid Subseriptions for the 80th Issue of Stock Being Recelved Shares, $2.50 per Month 4 Per Cent Inzerest 915 F St. N.W. JOHN JOY EDSON, President FR%NK P. REESIDE, Secy. Liberty Bond Excha 604 14th St. N.W. r 420 Wash. L. & Trust bldg., 9th and F n. CO-OPERATIVE BUILDING something each day in the Bquitable. You will accomplish more than ever. EQUITABLE BUILDING, BOUGHT AND SOLD FOR CASH nge o J FINANCIAL NOMADS. Among _persons whose callings require ~frequent _shiftings from place to place, the saying is that “‘three moves ‘are equivalent to a fire.”” Damages incurred in assem- bling and reassembling furniture, in packing and unpackipg, soon make these belongings worthiess. The saying is woithy of consid- eration by persons who engage in speculative investments accompa- nied by frequent changes. Expense of brokerage fees, fluctuating val- ues, inadequate investigation too often wipe out your principal. For the steady inyestor—the man or woman with a well considered investment policy—our First Mort- gage Notes on improved Washing- ton real estate provide a source of income that is constantly reliable. SWARTZELL, RHEEM & HENSEY CO. 727 Fifteenth Street N.W. Washington, D. C. THE NATION’S HOME TOWN. and particulars at your age. M. LE ROY GOFF, $5,000 Life Policy, $57.35 Age 40. Send date of birth for filustratios Insurance Adviser Bm. 718 Woodward Building. M. 340 RUN YOUR AUTO WITH SAFETY but not advisable! LET US QUOTE YOU RATE! B. F. SAUL CO. Franklin 5593. 934 N. Y. Av ope! #payin 8% on preferred stock, off the rate of §; preferred). plant is uni struction at ‘Twenty-third street west, and its eatire output al- ready taken, i the low level of profits with apparent possibilities of dou bling these amounts at no dis- tant date. A thorough igvestigation of ~this going w-&mxmn enter- prise is invited. A phone or postal inquiry will bring you the full information desired and without obligation to you. It is still possible to run an automobile without insurance— WASHINGTON ting in the District, and g 10% on common and r a limited number of shares at for two shares (one common and the other This combination sale of common ond preferred stock surin Qividends of 8% and. for;”l-‘: S. | | | EN I!V%GS BANSK Ofpen at 8:30 AM. Every Banking Day Columbia National Bank ssawroonto 911 F Street D Safety and —FOR YOUR SAVINGS | Safety is, or should be, the first consideration with every one who earns money. “Columbia Na- tional” offers its patrons not only Safety, but a fair interest return on their savings. { Bank a Dollar or more in Our Savings Dept. This Payday and every future payday—com- pound interest will make the “nest egg” grow. 3% In Amounts of $250 Up Aside from the premier invest- ment featuges of our First Mort- gage Notes, the investor profits by our service, which relieves him of all details. We ascertain that title certificates are furnished investors, that the in- terest is remitted promptly, that the property is at all times adequately insured and taxes paid when due. Such service is without charge. Ask for current offerings. ALLANE.WALKER & CO,, INC. - Real Estate and Insurance Brokers 813 15th Street N.W. A LEADER OF IDEALS O inspired by the faith and vision and his supporters. Today, it is more than ever apparent that the nation then created must be maintained by the principles that guided those men. Our ideals and institutions must be guarded by the same faith and vision that fired them, and our national virility protected by a return of the people to the ways of thrift. < AMERICAN ¢ SECURITY & TRUST COMPANY 15th Street at Pennsylvania Avenue HOME SAVINGS BRANCHES th Street and Massachusetts Avenue, N. W. 436 Seventh Street, S. W. -~ Bighth and H Sereets, N. E. Administrative ;—ym | SIMPLE | abling sou to prepare schedule for tax | reports almost autom | INCOME TAX REPORTS | EDMONDS & BOUTON | Monthly States Accountants—Auditors ment Serviee ! 813 Wood 1 Bld | 1336 N. Y. Ave. | Washington, D. C. » i New York. Los Angeles. | Compound Interest Paid on Savings. You can open a Savings Account at this convenient Bank with as little as NE hundred and forty-four years ago a nation was created from the courage and sacrifice of a people On the birthday of the great leader of American indepen- dence we offer our facilities to those who are in need of of Accounting ACCURATE Complete Record of What you bought. What you paid for. hat you sold. ‘What you collected. Simplest method of bookkeeping, en. tic ily. PREPARED services are available for the | tion of tax returns. Inc. Established 1880 Interest $1|— AvLANE WALKERECO. INCOME Building